Europe's Airbus has secured a record order potentially worth $20bn at list prices from Indonesia's Lion Air, sources familiar with the matter say.

According to industry sources, the deal would break rival Boeing's grip on one of the world's fastest-growing airlines, Reuters news agency reported on Monday.

In a sign of the rising importance of Asian budget carriers for high-tech manufacturing jobs, the deal is expected to be announced on Monday at a ceremony overseen by Francois Hollande, the French president, the sources said, asking not to be named.